The Minneapolis Star-Tribune, ESPN and USA Today reported Friday that details of a three-team trade have been agreed upon, but the deal cannot be completed until Saturday due to NBA rules regarding the contract of June's top overall NBA Draft pick, Andrew Wiggins.
The Cavaliers would send Wiggins, 2013 top choice Anthony Bennett and a future first-round draft pick to Minnesota in exchange for Love, who will provide the inside size and strength to combine with four-time NBA Most Valuable Player James and guard Kyrie Irving.
Irving signed a long-term deal with the Cavaliers just before James agreed to leave Miami and return to his homeland club last month.
James won two NBA titles and led the Heat to the finals two other times in four seasons with guard Dwayne Wade and forward Chris Bosh as the core "Big Three" around which the Miami roster was built.
Also as part of the deal, Cameroon-born power forward Luc Mbah a Moute and Russian guard Alexey Shved, who sparked a bronze-medal effort by his homeland at the 2012 London Olympics, will go from Minnesota to Philadelphia in exchange for 76ers power forward Thaddeus Young, who will replace Love in the Timberwolves' line-up.
Minnesota will also send Philadelphia a 2015 first-round draft pick and be able to rebuild around Young, Wiggins and Bennett and young Spanish guard Ricky Rubio.
There is a 30-day waiting period under NBA rules to trade Wiggins from his signing on July 24, a span that expires Saturday, although players must all pass physicals to complete the transfers.